To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Hi everyone,I'm planning to get into fixing and flipping properties in Oakland, California, and I'm looking for advice from those who have experience in the area.

The owners may agree to carry part of the financing, but you won't need them to stick around to transition operations.After acquiring the properties and assets you wish, you would either run your own business, or part-out and resell some of the assets.From your post, it does not sound like parting out the properties is a viable path and where you admit to having no experience with vacation rentals or the resort business, you might want to explore purchasing the business with the current owners hanging around for a bit to help you get your feet wet.Regardless of approach, it needs to have legs to be worth pursuing.

I actually just was reading through another forum with someone asking about their experience house hacking with rentals by the room.

I've made it my mission to share my experience with as many real estate investors, home improvement contractors, and homeowners in the Greater Pittsburgh area as possible.I wanted to give you a heads-up about my experience with Affordable Dumpster Rental.

Don in my experience with the 3 parks we owned.. owning the park homes was a huge time suck most of them are old and have tons of differed maintenance and parts are not available as easy.

Your reply shows your level of experience.

This has all been very good experience, but I am ready to focus and scale: one asset class, one location, one strategy. 

This will get you experience in remodels and much lower down side than a normal flip because you are literally living in the house (so you know exactly what is going on and 0 travel time) and you are utilizing a low down payment, low rate program like a VA loan.

That being said, I fell out of my chair when I was able to lock an individual investor (personal name) using a 1031 Exchange with about 50% down and 800 credit scores at 6.99%.